Hot Chili Reports Expansion of Drill Coverage at Chile Copper-Gold Porphyry Discovery

MT Newswires Live

Mar 20, 2025

Hot Chili (ASX:HCH) said its first-pass drill coverage expanded to cover an area measuring 1,000 meters by 550 meters at the La Verde copper-gold porphyry discovery near its Costa Fuego copper-gold project in Chile, according to a Thursday Australian bourse filing.

A total of 27 RC drill holes at the discovery have been completed to date, for a total depth of 8,162 meters.

It is planning an initial phase of diamond drilling to test below broad, higher-grade, copper-gold zones intersected earlier.

The firm also flagged delays in turn-around time for drill assay results from regional laboratories due to "peak summer drilling season."

It added that the pre-feasibility studies for the Costa Fuego project and the Huasco Water project were in the final stages of completion, per the filing.

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